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Reduced Price Tax Franchise - Kent County

Kent County, MI, USA
Updated 18 hours ago

An established franchise that has over 2,700 retail branches with over 12,000 tax professionals in the US and Canada. Absentee-owned income tax and loan business, management in place, and will stay with the new owner. No prior tax experience is required. Over 20,000 spent on recent renovations to the facility. Buyers must have or apply for an Electronic Filers Identification Number (EFIN) through the IRS website. Buyers must also obtain a Deferred Presentment Service Transaction License through the state of Michigan to offer payday advance loans. Buyer is responsible for a one-time franchise transfer fee of $5,000 at closing. For more information please call Jason Kassab at 248-220-3274 or email [email protected]

Employees

1FT / 1PT

Inventory

Inventory is included in asking price

Facilities

1,200 sq ft facility located on a major roadway in a busy plaza in Kent County offering visibility and ample parking. Franchise is open all year round with short-term loans along with income tax services.

Building Sf

1200

Competition

Competition is nearby but business has sustained over the last 16 years.

Growth & Expansion

Increase marketing. An owner-operator will decrease payroll, adding bookkeeping and payroll services. Utilize marketing strategy in the community and online.

Support & Training

Seller will be available for 14 days at a minimum of 4 hours per day for training at no additional cost to the Buyer. There is one week of training required at franchise headquarters.

Reason for Selling

Other Commitments

Financials

Asking Price
$40K
RevenueMost Recent Year
$105K
EarningsLast Reported
Undisclosed
Assets ValueNot Included in Asking Price
$20K
Seller Financing
Not available

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